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Stock futures inch higher after Dow’s worst day since January
A passenger wears a protective mask at the Wall Street subway station in New York, on Monday, March 30, 2020. Michael Nagle | Bloomberg via Getty Images Futures contracts tied to the major U.S. stock indexes crept higher in the overnight session Wednesday, just hours after persistent pressure on tech stocks pushed the Dow Jones …
Stock futures inch higher after Dow’s worst day since JanuaryRead More
Inflation spooks stocks and raises fear the Fed is wrong that the price spike is temporary
Traders look on as a screen shows Federal Reserve Chairman Jerome Powell’s news conference after the U.S. Federal Reserve interest rates announcement on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 31, 2019. Brendan McDermid | Reuters Red-hot consumer inflation data for April spooked markets and raised concerns that …
Inflation spooks stocks and raises fear the Fed is wrong that the price spike is temporaryRead More
Gold to Sparkle for Now, But Mind the Fed Endgame
Gold prices have staged a mighty recovery in recent weeks. The stars seem to have aligned for the yellow metal, with the Fed set to keep its foot heavy on the liquidity gas even as inflation accelerates over the summer. That could be the sweet spot for bullion as real yields and the dollar remain …
Dollar Spikes Higher after Strong Inflation, But No Follow Through Buying Yet
Dollar rebound strongly in early US session after much stronger than expected consumer inflation data. But Canadian Dollar is even stronger with help from extended rebound in oil price. Sterling is the third strongest, as supported by stronger than expected GDP. On the other hand, New Zealand and Australian Dollar are under most selling pressure …
Dollar Spikes Higher after Strong Inflation, But No Follow Through Buying YetRead More
AUD/USD Outlook: Extended Pullback Pressures The Top Of Thick Daily Cloud
The Australian dollar dipped below 0.7800 handles on Wednesday after weaker than expected China bank loans data, with increased pressure coming from falling Asian equities. Fresh weakness signals an extension of a pullback from 0.7890 (May 10 high), where larger bulls stalled. Bullish daily studies (rising positive momentum / MA’s in bullish setup) suggest limited …
AUD/USD Outlook: Extended Pullback Pressures The Top Of Thick Daily CloudRead More
Gold Is Ranging For Both Bulls And Bears
Gold is ranging which means that both bulls and bears could profit from intrada trades. 1766-1775 is the zone where longs are waiting. I don’t think there will be enough momentum to cover for strong moves to the zone, but with gold you never know. At this point what we can see is the price …
Dow futures slip more than 100 points, after its worst day since February
U.S. stock futures declined in early trading Wednesday following the Dow’s worst day since February as investors dumped tech shares again. Dow futures fell more than 111 points while S&P 500 futures traded 0.4% lower and Nasdaq 100 futures lost 0.6%. Tech shares, which have been under pressure this week and this month, were falling …
Dow futures slip more than 100 points, after its worst day since FebruaryRead More
Elliott Wave View: USDNOK Rally Should Find Sellers
Short Term Elliott Wave structure for USDNOK suggests the decline from March 24, 2021 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from March 24 high, wave (1) ended at 8.149 and bounce in wave (2) ended at 8.369. The 45 minutes chart below shows the wave (2) bounce and pair …
Elliott Wave View: USDNOK Rally Should Find SellersRead More
Dollar Recovers But Not Turning Around Yet, Sterling Firm
Dollar recovers broadly today even though Fed officials sung a chorus emphasizing patience in monetary policy. Canadian Dollar is also firm with help from rebound in oil prices. On the other hand, Australian Dollar is trading generally lower together with Kiwi. Nevertheless, for the week so far, Sterling remains the strongest one, as UK GDP …
Dollar Recovers But Not Turning Around Yet, Sterling FirmRead More
Banxico Preview: Higher Inflation, But Can They Leave Rates Unchanged?
As mentioned in the Week Ahead, it’s a slow week for Central Bank meetings. However, the Bank of Mexico (Banxico) meets on Thursday to discuss interest rate policy. Banixco has been lowering rates since before the pandemic began. When the coronavirus hit in the spring of last year, they began to cut more aggressively (as …
Banxico Preview: Higher Inflation, But Can They Leave Rates Unchanged?Read More
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Finance news
 Stock futures inch higher after Dow’s worst day since JanuaryA passenger wears a protective mask at the Wall Street subway station in New York, ... Read More  Inflation spooks stocks and raises fear the Fed is wrong that the price spike is temporaryTraders look on as a screen shows Federal Reserve Chairman Jerome Powell's news conference after ... Read More  Dow futures slip more than 100 points, after its worst day since FebruaryU.S. stock futures declined in early trading Wednesday following the Dow's worst day since February ... Read More |